Plan Sponsors need Proactive Plan Design, Higher Auto-Enrollment and Auto-EscalationDespite the increasing adoption of automatic plan design features such as automatic enrollment and automatic escalation, J.P. Morgan findings show that overall contribution rates are generally in decline. On average, new plan entrants are contributing less overall and growing their contributions more slowly. The average auto-enrolled participant contribution rate was 4%, almost half the average contribution rate of 7.7% for non-auto-enrolled participants. Plan sponsors have a unique opportunity to help participants save more by setting rates higher, and even more importantly setting escalation programs to rise more quickly to reach 10%. Otherwise, they may find that participants are forced into the difficult game of "retirement catch up" in their 40s, 50s and 60s or risk underfunding their retirement needs. "When it comes to getting as many participants over the retirement finish line as safely as possible, proactive plan design can be equally as important as investing and asset allocation," said Mr. Oldroyd. "Defined contribution plans are ultimately a partnership between participants and companies, but the reality is that sponsor decisions have a tremendous impact on retirement outcomes." Methodology J.P. Morgan Asset Management conducted rigorous, quantitative examination of real-world participant savings and spending patterns over 10 years based on a group of 280 defined contribution plans with 1.5 million participants administered by J.P. Morgan Retirement Plan Services. About J.P. Morgan Asset Management – Retirement J.P. Morgan Asset Management is a leading comprehensive retirement solutions provider dedicated to improving individual retirement outcomes. J.P. Morgan Retirement Plan Services provides bundled defined contribution services to more than 650 clients and 1.8 million plan-level participants, representing more than $125 billion in retirement plan assets as of September 30, 2012. J.P. Morgan Defined Contribution Investment Solutions manages more than $69.7 billion in defined contribution assets as of September 30, 2012. About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under supervision of approximately $2.0 trillion and assets under management of $1.4 trillion (as of September 30, 2012), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE:JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. Opinions, estimates, forecasts, projections and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. There can be no guarantee they will be met.